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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $70,748 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $243,328 | $50,860+378.4% | $155,574+56.4% | $77,714+213.1% |
| Participation rate | 58.0% | 63.1%-5.1pp | 78.2%-20.2pp | 70.6%-12.6pp |
| Annual return | 7.95% | 34.86%-26.9pp | 64.87%-56.9pp | 31.26%-23.3pp |
| Employer contribution / active EE | $6,942 | $1,991+248.7% | $4,676+48.5% | $2,727+154.6% |
| Participant deferral / active EE | $5,916 | $2,825+109.4% | $5,629+5.1% | $4,649+27.3% |
| Admin fee / account holder | $274 | $436-37.2% | $15,914-98.3% | $433-36.7% |